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☆☆☆☆☆Commodity money is a good that can be used as a medium of exchange or for some other purpose.
it drives up prices and causes money to loss value.
it only has value because the government says it does
the creation of a centralixed bank of the United States
Federal Deposit Insurance Corporation
an increase in bank runs due to a lack of confidence in the banking system
Not enough money is spent to keep business activity moving
The number of banks grew rapidly,but many failed
The U.S. economy experience a period of rapid growth and prosperity. (A+)
-Hailey
This occurred when Lyndon Johnson was president. John Kennedy took preliminary steps.
representative money (A+)
-Emmy aka Hello Kitty
Fiat Money (A+)
-Hailey
It acts as an insurer of bank customer deposits. A+
The Federal Reserve is broken down into twelve districts.
inheritance tax
inflation
part private and part public company A+
controversy over corruption and political opposition
20 years
